Laserfiche WebLink
<br />e:l1ts, in a manner as available to the various States. The related quar- <br />terly reports due the Federal Security Authority starting January I, <br />1951 have been prepared by the writer and instructions for tiling same <br />have been discussed with Mr. Harry C. Nevius. It should be remem. <br />bered the Administration contributes a similar amount, or 1 Y2 % of <br />employee's salary, thus matching the employee's deduction. As of Octo- <br />ber 31,1952, the combined amount due by the Administration for O. A. <br />and S. 1. of its employee is $66.00. Since thc records of the Admin. <br />istration are handled on a cash basis. this data is reflected accordingly. <br />Premiums of $50,00 paid in October 1952 for the secretary-trcas- <br />urer's bond covers the period of twelve months ending September 12, <br />1953. Rencwal of bond No. 1203007, carried with the National Surety <br />Corporation, per vendor's statement, cxtends the $10,000.00 protection <br />feature accordingly. J <br />Travel cxpense of secretary amounting to $49.00 represents 700 <br />milcs of business travel at $0.07 a mile incurred during April, May <br />and June of 1952. <br />As shown on Schedule !, cash in bonk at October 31, 1952 of <br />$3,446.95 was rcconcilcd to thc amount confirmed by the First National <br />Bi1nk in Lamar. <br />The financial position of thc Administration at October 31 for the <br />year under review and the previous one is expressed in the following <br />schedule: <br /> <br />ARKANSAS RIVER COMP.ACT ADMINISTRATION <br />Lamar, Colorado <br /> <br />Cumparative Balance Sheets <br />October 3 I, October 3 I , <br />Assets: 1952 1951 <br />Cash in bank_____. .__.$3,446.95 '$2,624.91 <br />Equipmcnt (Portable typewriter) 92.50 92.50 <br /> <br />Increase <br />$822.04 <br /> <br />Total Assets _______ ______.______.______ .$3,539.45 <br />Liabilities: <br />Employees deductions (held in <br />trust) .____._________.___________ .__$ 33.00 <br />Ca pital : <br />lJncxpcndcd fund balance.____._____.$3,413.95 <br />Expended fund balance for equip't 92.50 <br /> <br />$2,717.41 $822.04 <br />....u.__u__. $ 33.00 <br />$2,624.91 $789.04 <br />92.50 <br />$2,717.41 $789.04 <br /> -' <br /> <br />Total Capital <br /> <br />______$3,506.45 <br /> <br />Total Liabilities and CapitaL__$3,539.45 $2,717.41 $822:04 <br /> <br />Special Comments <br /> <br />It should be romembered the original budget for 1951.1952 was <br />considered void, and no revised estimate was ever prepared. In view of <br />these facts, thc cxpenditurcs for the period July I, 1951 to June 30,1952 <br />llrc compared below with the revised budget as adopted for the fiscal <br />year ending June 30, 1953. <br /> <br />14 <br />